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Iceland is a Schengen member of the European Union. Iceland has a high standard of living and a competitive, rapidly rising economy. The government offers a variety of incentives to help people start enterprises and trade. Iceland’s economy is diverse, including significant businesses such as fishing, shipbuilding, manufacturing, and services. The country has one of the highest levels of economic freedom in the world. Iceland is a WTO, OECD, and EFTA member. Iceland boasts competitively priced green and sustainable energy. Iceland and China have free trade agreements.

Investment Name

Foreign direct investment

Minimum Investment

€200,000 (no limit)

Qualifying Investments

Iceland has friendly business laws open to investments in key sectors such as:

  • Data centers (IT)
  • Chemicals
  • Life sciences
  • Green energy
  • Fishing
  • Real estate
  • Tourism
  • Manufacturing

Visa type

C business visa / D long term business visa / Temporary residence permit

Processing time

1 month

Permanent residency

After 4 years of legal residence

Iceland Citizenship

After 5 years of legally living.

Dual nationality